Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, March 12
By early February, Bitcoin had plunged about 68 percent from its lifetime highs in mid-December. This fall affected Bitcoin’s popularity, as measured by the number of people searching for it on Google. In the first half of March, Google Trends shows that Bitcoin searches have fallen to their lowest levels since October of last year.
It isn’t necessarily a bad thing for the leading cryptocurrency. This shows that the euphoric phase has ended and some investors have fled the market. Now, only the most interested participants who have a greater conviction in the cryptocurrencies remain.
When prices don’t sustain below support levels on negative news, it is a sign that the bears are losing their grip. The early stages of a bull phase always cause worries. As and when prices recover, the ‘speculators’ will jump right back in.
Let’s see if we find any buy setups for the top coins.
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